DocsApp and MediBuddy funding: raises 20 million dollars

DocsApp MediBuddy

After announcing their merger, the two health tech startups DocsApp and MediBuddy (now known as “MediBuddy DocsApp”), raise 20 million dollars in Series B round of funding from Bessemer Venture Partners, Fusian Capital, Mitsui Sumitomo (MSIVC) & Beyond Next ventures. The company is planning to use the funds in outreaching and strengthening its doctors’ and patient’s base, and also enhancing technology to provide quality healthcare services to billion of people.

The CEO of MediBuddy DocsApp, Satish Kannan says, “This combined entity will offer a comprehensive platform to our customers that deliver on the promise of a digital healthcare future. As first-movers, we are confident that we will establish market leadership and fulfill our mission to provide quality healthcare to every Indian”.

MediBuddy was founded in 2000  by NS Raghavan with an aim to schedule hospital visits, raise and track health insurance. Later it entered into consultations and home blood tests.

While DocsApp was founded in 2015 by Kannan and Enbasekar Dinadayalane with an aim of building an AI-enabled platform to connect people with doctors over video calls, voice calls, and over chat.

The combined entity claims to provide the healthcare services to  over 3 crore Indians, with a partner network of over 90,000 doctors, 7,000 hospitals, 3,000 diagnostic centres and 2,500 pharmacies across the country.

The Founder and CEO of StartupLanes , Shishir Gupta says, Health sector is one the most important area in a country’s economy. And after the outbreak of COVID we very well understood the importance of health and hygiene. This sector needs more development and innovation. We need to provide 24/7 primary healthcare services to every corner of the country and as well as world. This sector is going to be another world of innovations in near future. Individually MediBuddy and DocsApp were doing great. It’s good to hear merger of two big platforms. My best wishes with the team and congratulations.

India’s healthcare sector is one of the fastest-growing and it is expected to reach $280 billion by 2020. The Government of India is planning to increase public health spending to 2.5 percent of the total GDP by 2025.